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Home › Blogs › Rip Snorter's Blog › Powerball jackpots/matrix changes

Powerball jackpots/matrix changes

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In my August 29, 2005, blog entry entitled, Those Powerball changes, link:

( https://www.lotterypost.com/blogcomments.asp?i=3662 ) I ruminated at length about whether the 'hidden' changes within the PB structure would result in larger, or smaller cash value prizes in percentage of trumpeted (by PB and lottery authorities) prize values in annuities. 

Mooshie, a single-post, newly registered LP member's posted a comment there I haven't taken the time to back-check:

Comment by Mooshie- Today, 12:08 pm
Have you noticed that, exactly since the addition of the two white balls, the Powerball lump sum has decreased? It used to run between 53% and 57% of the estimated prize; now it's consistently right around 50% to 51%. True, the estimated jackpot has increased slightly, but the lump sum has actually gone down. Example: In the game prior to the one that's currently rolling over, by the time we hit the 11th drawing (the 10th rollover), the jackpot was 84.2m and the lump sum was 47.2m (56.06%). In this current game, the 11th drawing (10th rollover) stands at an estimated 92m jackpot with a lump sum of 46.5m (50.54%). The lump sum has actually decreased by $500k in comparison to the same rollover for the previous game. Thoughts?

I suppose my only thought is that if this proves true, it's only one more paving brick in the smooth street we all knew we were tredding.

Jack

 

Entry #293

Comments

Avatar Mooshie -
#1
The only thing false about it is my math, lol--the lump sum has actually decreased by $700k. However, someone else pointed out that the decrease in the lump sum simply reflects a decrease in the number of PB tickets being sold since the addition of the two balls. Which, duh, makes sense. Sometimes I can't see the dang forest (of simple, plausible explanations) for the trees (of insomnia-induced suspicion).

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